PERTH (miningweekly.com) – ASX-listed junior Dacian Gold has poured its first gold at the Mt Morgans project, in Western Australia.
The construction of the A$200-million gold mine was completed on time and within budget, Dacian executive chairperson and CEO Rohan Williams told shareholders on Tuesday.
“We started work at Mt Morgans little over five years ago with several exploration concepts that we tested once we completed our initial public offering. What has been achieved in that time from discovery, including the drill-out feasibility studies, financing, permitting and now completion of a major A$200-million project built on time and on budget, is an amazing effort by a very talented and hard working group of employees, consultants and contractors.”
Production ramp-up was now under way, and Dacian was targeting an output of between 180 000 oz and 210 000 oz of gold in the 2019 financial year. For the remainder of 2018, the project is expected to deliver between 30 000 oz and 40 000 oz.